Now for Some Good News…

Here’s a little piece of good macro news.  The CRB Foodstuffs sub-index — hogs, steers, lard, butter, soybean oil, cocoa, corn, Kansas City wheat, Minneapolis wheat, and sugar — is down 18 percent from its April high.  Good news for consumers, not so if you’re long,  a farmer,  or a speculator in farmland.

(click here if chart is not observable)